A Central University Department Of Management Studies Assignment on Management Control System in Non-Profit Organization Management Control System MBA 3rd Semester 2010-2011 Submitted To: Submitted By: Dr.B.D.Mishra Akriti Gupta Reader Iti Shrivastava M.B.A.; Ph.D Shikha Sahu Financial Management‚ Business Policy Shobhna Jha Strategic Management INDEX Service Organization in General 01 1 Professional Service Organization Financial Service Organization Health care Organization Non-profit
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and self-managing their condition to a degree and level‚ whilst having the assurance that beyond that level support is available. 3.1.4 – Promoting the organisation (ACL) through strong external relationships. Obtaining advise and different prospective. Developing successful long term relationships. Promoting relationships with key people. Maintaining relationships with GOV agencies. 3.2 3.2.1 –improving the communication between management and employees. Strong communications will develop
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Incentive Plan Ever since Berkshire went public‚ it instituted an incentive plan for division and lowel-level managers. The system was built to achieve three objectives; to ensure the congruence between management and shareholders’ interest‚ to provide additional motivation for managers to work harder and to provide a simple and objective performance evaluation. In comparison‚ division and lowel-level managers’ objectives are maximizing their annual revenue and having the necessary power and understanding
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manufacturer of aircraft and air control components and systems and other avionics instruments‚ navigation aids‚ state-of-the-art electronics‚ engine controls‚ surveillance and sensor systems‚ surgical instruments‚ robotics and many more‚ fulfilling the various needs of a wide and diversified client base. Hughes‚ Martin and Loral‚ Royal Ordnance and Boeing are but a few in their long list of customers Moog‚Inc. is one of the principal suppliers of flight control servo valves and servo actuators
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Operations Management & Decision Making – Planning And Control Assignment The organisation I have chosen to examine from an operations management and decision making standpoint is McDonald’s‚ a worldwide chain of fast food restaurants‚ which are run either by a franchise‚ an affiliate or by the corporation itself. There are over 31‚000 branches of McDonald’s worldwide1. It is estimated these restaurants serve a collective 47 million customers daily2. The restaurants mainly sell customers traditional
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MANAGEMENT CONTROL SYSTEMS AT Table of Contents 1. Introduction 3 1.1 Domestic Operations 3 1.2 Services 3 2. Organization Structure 4 2.1 Current Structure 4 2.2 Outgrowing the traditional model 4 3. Management Style And Culture 7 3.1 Attitude towards employees 7 3.2 Decision-making process 7 3.3 Focus of Air India 7 3.4 Credibility & Caring-Key to Air India’s Culture 8 3.5 Role of Supervisors 8 3.6 Role of Relational Competence 9 3.7 Official Language Implementation
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Management Control System Assignment “Budgeting Preparation” * Budget Preparation Budget preparation is a summary of company’s plans that sets specific targets for sales‚ production‚ distribution and financing activities. It generally culminates in a cash budget‚ a budgeted income statement‚ and a budgeted balance sheet. In short‚ this budget represents a comprehensive expression of management’s plans for future and how these plans are to be accomplished. It usually consists of a number
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Internal control is define as the whole system of internal control‚ financial and otherwise established by management in order to carry on the business of the enterprise in an orderly manner and efficient‚ ensure adherence to management policies‚ safeguard the assets and secure as far as possible the completeness and the accuracy of records. - Dr. Kwame Aveh. (Auditing page 82-83‚ 2010) The individual components of an internal control system are known as controls or internal controls. Internal controls
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Case 2.2 Waste Management Due Care 1. Auditor independence is defined as the independence of the internal auditor or of the external auditor from parties that may have financial interest in the business being audited. This requires integrity and an objective approach to the audit process. Auditor must out their work freely and in an objective manner. Arthur Anderson and Waste Management have developed a close business relation over the years and employees have been switching between companies
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1. Overall Strength: in general‚ the article provides structure to a concept that is very intangible by: (a) describing the nature and the functions of control; (b) segregating the MCS into categories: core control system‚ organizational structure‚ and organizational culture; (c) illustrating how to apply the control model (satisfied my approach) (d) provides a basis for designing and evaluating the system. The manner‚ in which the model is presented‚ with its use of figures‚ further emphasizes
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